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Entries from December 2012

What is foreclosure stuffing?

December 23rd, 2012 · No Comments

Ran across a new term at the Zero Hedge blog called foreclosure stuffing. Foreclosure stuffing is a term that describes lenders’ efforts to slow the foreclosure process as long as possible in order to keep the prices of the existing foreclosed homes on the market from falling too rapidly.  It’s an effort to control the […]

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Nevada banks want the foreclosure process to be easier

December 19th, 2012 · No Comments

Apparently requiring banks to produce proof of ownership before foreclosing on someone is too hard. Up for discussion is a 2011 law in Nevada that criminalizes foreclosure fraud.  In essence, it restates the obvious: Only foreclosure if you’re legally entitled to do so.  However, it places the people initiating the foreclosure process on notice by […]

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Fannie and Freddie have a soft spot?!

December 4th, 2012 · No Comments

Very interesting article about how Fannie Mae and Freddie Mac are postponing evictions briefly so that they occur at the very beginning of next year. This reprieve comes as a bit of year-end, quasi government foreclosure help.  A representative from Fannie Mae calls the measures an attempt “to relieve some stress at this time of […]

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